- Silver price could test the area near the record high of $85.87.
- The 14-day RSI above 60 favors further gains, while a pullback toward 50 would signal waning momentum.
- Bullish EMAs remain intact, keeping pullbacks supported above the short-term average.
Silver price (XAG/USD) gains ground after two days of losses, trading around $77.20 per troy ounce during the Asian hours on Friday. The technical analysis of the daily chart timeframe suggests the price of the precious metal remains within an ascending channel pattern, indicating a sustained bullish bias.
The 14-day Relative Strength Index (RSI) at 63.63 is neutral-bullish and ticking higher, affirming steady momentum. RSI holding above 60 keeps the path higher favored, but a recoil toward 50 would flag fatigue.
Momentum has cooled from overbought extremes, yet the bullish EMA configuration holds with pullbacks contained above the near-term average. Silver price holds above the rising nine- and 50-day Exponential Moving Averages (EMAs), preserving a bullish bias.
On the upside, the Silver price could explore the region around the record high of $85.87, which was recorded on December 29, 2025, followed by the upper boundary of the ascending channel around $86.90.
The nine-day EMA at $75.81 offers initial support, followed by the lower ascending channel boundary around $75.00. A daily close below the confluence support zone would expose the 50-day base at $63.46.
